BitCoin CRASH AND BURN

(Checked)
(Checked)
en.wikipedia.org/wiki/Dead_cat_bounce

Ive been waiting for another episode of suicidal bitcoin faggots since last time. Hopefully this will be it.

This happened last time, it went all the way back down to $180 SELL SELL SELL

China wants it to go right down so they can ride that wave again. However when it stops going down is anyone's guess.
You see the whole thing is a highly volatile gamble. You may win big or lose big. Go to the casino or just wait a while before buying anything on the deepweb.

Does nobody remember that this happened three or four years ago as well?

People commenting telling you to buy are shills or idiots.
qz.com/881373/bitcoin-btc-price-crashed-because-of-notices-issued-by-the-peoples-bank-of-china/
China's Central Bank is pushing the crash and the US Securities and Exchange Commission just today rejected the currency. Speculators are going to cause a massive crash and profit.

I'm a poorfag and I want in.

I was hoping after the first crash it would be treated like an actual currency, but it still seems that fucking investors are treating it like stock.

I want in too, but I have zero faith in bitcoin. There was a currency that was similar to bitcoin, but it has encryption tied to it. Forgot the name though.

There's a reason why you will always be poor user, because your IQ is low and you're uneducated

I've got about a dozen coins stocked up, guess I'll sell while the getting is still good. If it goes down I'll probably pick up more at 150 a pop, if it goes up I'll just buy more silver.

Time to get /comfy/

wtf I hate myself now brb gonna go an hero

He's right though, there's absolutely no reason to go into bitcoin at this point. You missed the boat with it, start looking for other opportunities.

(witnessed)
I'm ready for the meltdown

See this thread check my account for the first time in 2 weeks or so, got more money than last time I checked .
That's called price fluctuation , not crash.

BUY THE DIP
THE DIP BUY
DIP BUY THE

A crash has been in the cards for awhile now though. Unless you've got absurd amounts tucked into this thing now is a pretty good time to start getting out. Buy back in at the end of the crash and just keep riding the wave.

The rejection of the ETF will hurt it. Should be able to get some cheap coins by summer. It'll get pumped again, the shitcoins will pump starting today.

Holy shit the shills or idiots are real. The fucking US Securities and Exchange Commission just rejected the ETF today and China's Central Bank is pushing for its failure qz.com/881373/bitcoin-btc-price-crashed-because-of-notices-issued-by-the-peoples-bank-of-china/ it will be dead soon enough. Wew you people deserve to lose your homes

I shorted the market and am doing well. Shame its not with real money but then if it was Id just lose it all.

no, you'll never afford a bitcoin, better buy something cheaper.

Im laughing out loud right now at your retardation.

I remember having some extra cash on hand and I considered by a bunch at $15/per. Really pissed that I didn't do that!

This ETF means fuck all in the grand scheme of things especially the price of bitcoin

I SOLD AT 700
and bought a Springfield M1A scout
feels good man

Yep. This was their attempt to make a boatload of money by being the "first to market" with this. Totally irrelevant to Bitcoin's future.

Just off the top of my head I can think of Litecoin, Dogecoin and something called Trumpcoin. Bitcoin is the only cryptocurrency I can think of that has any sort of confidence behind it, and even then it's a shaky sort of confidence.

Buy now fuckers.

And while you're at it, pocket a bit into the other cryptos too.

Remember, the Jews cannot print crypto out of thin air. This is the solution to Jewish Fiat Banking.

Bud of mine is looking at XMR.

The Jews will try to figure out some way to control the Bitcoin markets. If they can't control the currency, they will try to control the methods by which people buy and sell it. Guaranteed. Keep an eye on the news over the next couple of years.

remember when global war breaks out and all cyber infrastructure is destroyed your currency is worthless
Wew I love stupid people this is why I'm rich

It's an extremely apparent death plunge that has been spread everywhere, it's so easy to digest that any idiot is going to avoid it like the plague.
Confidence is shot and buttcoin investors just put a gun in their mouth.

700$ for a scout?
damn good deal if u paid that mine was 1200

Bit coin is the mark of the devil

Bitcoin died the moment this one fag stole millions of them from circulation by closing his exchange or some bullshit like that. It's just a commodity criminals use to trade stuff and launder money lately. It was always that and nothing more.

Barron please some of us didn't have parents that knew this shit. At least some of us are willing to learn ;_;

Buy palladium or silver you fucking retard.
Better off with that than any jewcoin.

Just spotted the Jew.

I thought deregulation was the gold standard. What's going on? Could the real problem be it being unregulated by the chosen?

Yep its drugs currency. I really dont know what else its really used for in a large way.

u should be using crypto to make money to buy more of that shit

It is also used for quick exchange across international lines when it's a more convenient method that wire transfers. I've used it in my business for this reason solely.

i had more than 1 btc, i think it was more lile 1800 (im in California we get raped on funz prices)

Well yes obviously international transfers but as far as any market place goes its all blackmarket. Its not like its used on ebay or anything

look at the smart guy buying physical goods that are actually worth something and have a practical use. Be like smart guy.

Right. There are many businesses offering it as a payment method, but nothing significant. I'm personally happy to see that at least one large seller of gold (forget which one) allows for paying with BTC, but they max that out at a $10k payment. So still nothing significant IMHO.

I smiled.

Silver seems pretty fucking cheap compared to gold. Would you say it's a worthy investment or will it forever be nearly worthless?

its mostly tech/IT/computing/server companies that accept it because they understand it.

Silver's main value is in it's volatility. You have to go in with the expectation to buy then sell, over and over again. It's not like gold where you just stockpile it over your lifetime and only sell if some kind of happening comes.

Commodities are where it's at. But you need the infrastructure to hold, move, and sell them. Whether you do that yourself or invest in someone to do it for you.

I dunno, buy a house? The whole thing is a big gamble. I think rare Pepe's are worth it but unless you got in a few years ago it might be too late.

They already do this. This is why people should move to it now rather than later. Regulatory controls on purchasing will only get stricter and you'll probably have to pay higher Jew Troll Toll's on top.

Pic is u.

Silver is only so low because of market manipulation.

Consider buying a cat.

That's what scares me, because I've never been good at gambling.

you're wasting your time with that…it's not real money…you know a good chunk of ppl here mined a lot of them and had a relative low entry capital cost to make them a great opportunity. I can only hope there's time to enjoy it before life turns into a Call of Duty mission IRL

Actually thinking the winklevoss' boys are getting in with Zuck's people. lol…not a chance

Woah boy

Not a good time to be scooping up land. I mean if you need a place to live, fine. But don't start spending cash on clay until the market busts, or at least until you've got significant investments in actually exchangeable goods first.

By gold then. Unless we start fucking mining space the price will never drop.

What are good places to buy bitcoin? Been meaning to get some. Mostly for paying VPNs rather than trade.

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Yeah

Localbitcoin or craigslist if you want to pay in cash. Couple of big sites out there that take debit, but that kind of defeats the purpose. Now really isn't the time though, user.

Then stay way clear. Goddam BTC Ive lost enough money myself but I would still like to short the market at a high point right now.

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did you buy LTC when it hit $50 hahaha

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coinbase is probably easiest

now you have some cleaned bitcoin unlinked to your original purchase

i see it accepted online more and more these days tbh. you can fund your account and buy domains and hosting on namecheap for example. and that's pretty fucking normie-tier.

Thanks user.

Does it? I naively assumed transactions weren't traceable between each other. Makes sense though, I suppose… whatever site you use will have records of both buying and transferring.

I'm not going to fucking sell my BTC, you bumbling retard. If it really drops, I'll buy.

Yes, but it's been rallying for the last few weeks on the anticipation that the ETF would be created. So, it's back to where it was at the beginning of the year.

You can always try a washing service, but I'm not entirely sold that most of them are even legit.

Easier to just buy from a farmer in cash and not worry about it. If you're within an hour's drive of any notable city you won't have a problem finding someone who takes cash and sells at a reasonable price. Hell there's guys out there who take cash by mail, if all else fails. Though obviously that's not ideal.

Keep off the markets as much as you possibly can. I use buttcoins to pay for my domain too, and since that's all they're really for it's easy to just stay out of the wider culture around this shit.

Have ammo priced dropped at all? I haven't been paying attention to the prices over the past few months. Maybe they are still holding value.

Some people out there got rich on this shit when it was selling for 0.2 dollar/BTC back in 2011-2012. And you could realistically mine them yourself with a home PC and a good graphics card.

Domestic stuff has mostly normalised, exotic foreign shit is still suffering markup. Hopefully Trump eases sanctions, would make life easier for slavshit lovers. Scalpers as always sitting on .22lr as though it's worth anything.

Actually precious metals fluctuate just like any other commodity. Typically during harsh economic times the prices go up as people look for a place to secure their wealth and gold is a time tested means to do so.

I think we're still in a bit of a bubble regarding gold I expect prices to stabilize around 800-1000 as the economy continues to improve.

Regardless as far as investments go precious metals are not a way to get rich they are for preserving existing wealth. If you want to grow your money in a hands off way look into mutual funds.

Thanks again, I'll have a look at those options. Have a maga cat and a shekel bird for your trouble.

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tough market, the white genes hold value but not the nigger genes

I actually agree with you, but if he's asking for a "risk-free" store of wealth, it doesn't really get better than gold unless you're willing to put serious effort into it. Doubt we'll see gold going for less than a grand because there's some kikery afoot as far as gold supplies are concerned, but it should drop a little in the next decade, though it'll probably bounce right back shortly thereafter.

No matter what you're not going to make money unless you're got thirty grand or so to throw around at whatever you invest in, so in his case it's not like this really matters.

Bitcoin isnt perfect but distributed ledgers controlled by the people are the only way to stop being jewed by the fed reserve and inflation

You get better prices with under the table sales. Stolen gold can go for much lower.

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Unless you're stocking up for the happening it's not worth the headache. You're saving what, a few hundred a bar? Last thing I need is for Shlomo busting out the backroom of the pawn shop because he smelled the serials, not to mention these fucking security measures you're starting to see on newer bars. Scrubbing that shit would null whatever savings you brought in from the get go.

I'm going to laugh so hard when the Chinese economy finally collapses and the bottom falls out.
If any of you fags have buttcoin, sell at the next peak if it's even possible to properly exchange it for things which have real value.
Ides of march is going to be interesting. Anyone else here think the Fed is going to try to crash the global economy with no survivors?

For precious metal commodities: if you can
t hold it, it's not yours. See: US Gold, Nixon, and the French

It's shilled really hard by redditors and kikes because they want to make money from nothing. They let their computers sit for months on end crunching out coins and they want to all be bitcoin millionaires. It's a get-rich quick ponzi and it's really fucking pathetic. Deep in their hearts they want to be one of those smug ponzi fucks "I got rich and totally deserved it because I installed some software before everyone else!"
I avoided it right when bitcoin started up just because of how ugly all the souls of these bitcoin faggots are.

Depends on whether Trump comes for them or not.

or we can retake control of our government and go back to greenbacks…

GO SHORT - I DARE YOU FAGGOT

I've seen threads like this probably more than 50 times since 2011. Trust me when I say this… buy some now while the price is low.

It's a full court press against Trump right now. All media, all social media, in the courts, everywhere. It's fucking unbelievable how much they're trying to attack him and us. Every news article, every comment, every judge, it's a full on attack against him all the while trying to divide his base away from him. I've never seen anything like it in my lifetime, but nobody's talking about how the shills are going on all cylinders.

This.

Anyone claiming it's "not real money" is only correct on, at most, a technical front.

Jew Fiat is backed by nothing, hasn't been since 1969 ("Nixonomics" when it was no longer redeemable for Gold).

The measure of a currency is in its utility - which Bitcoin presently lacks. However, with increased adoption it will become as usable as any fiat. And, the kicker:

(((THEY))) CANNOT INFLATE IT AT WHIM

NOR CAN THEY CONTROL WHO TRANSACTS TO WHOM

Bitcoin currently has problems. Core development team refuse to increase the block limit to alleviate network congestion. Do not put all your eggs in the Bitcoin basket, diversify into other crypto too.

Or you're just butthurt

That's true, but you can buy physical silver for what the paper market says it should be worth.
It's quite hilarious, especially when (((they))) decide it's time to sell.

you don't want to be this guy..

I sold around $400 a long while ago.
JUST

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Bitcoins price is not a tangible thing. Bitcoin is mostly used by the chinese to get money out of china. As such bitcoin itself has no value, it's price is merely a measure of trading volume done by rich chinks.

So no matter how the currency moves, up or down, it will stick around.

user, does anyone know how many bitcoins are owned by jews, FBI, cartels and CIA? Last I heard it was a lot.

I'm already retired. I don't need a get-rich-quick scheme, but thanks for shilling the "sour grapes" narrative, it really makes you seem like a legitimate user.

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That didn't answer my question.

I thought inf/pol/ would know a bit more about the significance of bitcoin.

By maintaining a ledger, one creates coins.
Right now, the IMF controls the ledger, they create coins.

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checked?
also all these anti bitcoin shills, they are usually federal reserve shills trying to kill a unregulated market because they can't scrape any shekels off of the top of investments and trades. "bad goys, how dare you not invest in our (((stock market))) and fiat currency"

anti bitcoin shills,MAN… they are usually federal reserve shills trying to kill a unregulated market because they can't scrape any shekels off of the top of investments and trades. "bad goys, how dare you not invest in our (((stock market))) and fiat currency"

fixed

I'd rather trust a bunch of hackercash than the IMF

confusing means and ends
it works, we have different methods

So the jews, FBI and cartels own a lot of bitcoins then?

Got Facts?

after the big raid on silk road the fbi actually sold the coins back to the market

if bitcoin doesnt fix their problems they are fucked tho

ethereum serves a better purpose because it can be used for other applications than just currency

and private cryptos that are untraceable like monero will be used for drugs because obviously that is superior to bitcoin

Yeah, but I trust hard math and cryptographic proofs more than humans

Probably is a lot. I know that several billionaire families started investing. However, it still prevents (((them))) from printing funds infinitely. They might be able to boom their propaganda engine short term, but eventually their Bitcoin WILL run out.

This is one reason why I also advocate the other cryptos. Bitcoin will probably be monopolized eventually. At the moment, the market cap is between $15-20billion, still easy enough to disperse a little to give a good return on investment.

My prediction is, that as Crypto becomes more commonly accepted (which appears to be happening now), the other Cryptos will gain more value too. Those that missed on Bitcoin, will invest in the others. Dash is an example of this. Less than six months ago, 1 DSH was $10USD. Right now, it sits at more than $45USD.

Recommend looking at: Monero, Dash, Ethereum, Litecoin (this is a risky investment and depends upon SegWit activation).

FUCKING BLACK MARKETS, TOLD YOU SO

Bitcoin is an annoying pain in the ass to use. I don't think it will ever be popular.

I was buying BTC when it was at around $250, so I'm still up. It is a pretty big drop, yeah, but it does that now and then. It eventually rises back up.

The goyim suspect…

We can coordinate and manipulate if we're smart.

this
BUT! the transaction data is unknown because the transaction appears only after it did the broadcast.
That is worth investing :D

Three steps forward, two steps back.

This is the investment strategy I work on with Bitcoin.

Nigger, Bitcoin is easy as fuck to use. Acquiring it (with USD) is the difficult thing because of all the regulatory requirements surrounding it.

it's called living in a society with a decent social cohesion.

yeah okay.

This is the best I could find and it's not reassuring:
There will only ever be 21 million bitcoins.
bitcoin.stackexchange.com/questions/161/how-many-bitcoins-will-there-eventually-be
so out of 21 million total
www.quora.com/Who-holds-the-most-bitcoins

Satoshi Nakamoto (the inventor of bitcoin)
Satoshi Nakamoto mined many of the early blocks, amassing an estimated 1 million unspent bitcoins.

The Winklevoss twins
The Winklevoss twins claim to own 1% of all the bitcoins in existence, following an announcement in April 2013, that they had acquired $11 million worth of bitcoins.

Tim Draper
Following the closure of Silk Road in September 2013, the U.S. Government confiscated more than 144,000 bitcoins from Ross Ulbricht - the operator of the illicit online marketplace - which were then auctioned off in batches. Venture capitalist, Tim Draper, was the single winning bidder for nearly 30,000 BTC (29,656 to be exact).

So you have the (((creator))) of bitcoin with probably the most, followed by Tim (((Draper))) whose family is connected with Skull and Bones and George HW Bush (en.wikipedia.org/wiki/William_Henry_Draper_III), then the Winklevoss twins cavort with known pedo and nwo advocate Branson

Wow. Fantastic. Nice jewish ponzi you have going there. Thanks for shilling by the way, I never bothered to look into it this much before.

>MUH KYC LAWS

I like crypto for what it is, but bitcoin itself is suspect as fuck. See my above post.

ok fine I'll bump this for visibility

what the fuck are you talking about?

quantum computing would be used to break the encryption thru pure brute force

I'll be honest, people don't usually like to talk about this, but I think the biggest problem is the fact the NSA records all the internet traffic, unencrypted data for 1 to 5 years, and encrypted data for longer. I think they can easily pause, rewind, isolate traffic in the recordings now, and roll back the cryptocurrency chains as needed. They may have done it in October when assange was abducted.

just marginal examples of bitcoin usage

lol k whatever newfag. Go count your virtual shekels somewhere else

Terry from TempleOS is satoshi, but he forgot.

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msdn.microsoft.com/en-us/library/system.security.cryptography.ecdsa(v=vs.110).aspx

He should be on Holla Forums soon, maybe you can remind him.

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It's God, you disgusting CIA nigger.

You piece of shit.

Your post is correct on the monopolization front.

But a few things:
Probably dead. No one has heard from him for years and his coins have not moved. Even if he were alive, given that he created the shit (which (((bankers))) fucking hate), I doubt he'd be all that malicious. I'd expect some real philanthropy from that fucker.

As to the others, this is probably either:
a) A Jewish safety net for if it takes off
b) An investment they recognized they'd make very good returns on

If (b) then it is worth anyone here investing in. They stand to reap well from it.
If (a) then it demonstrates how fucking dangerous crypto is to (((them)))

If you don't trust Bitcoin, that is fine. But you should definitely be advocating the adoption of Crypto simply because it is a currency that they cannot control.

They cannot inflate it.
And they cannot control who transacts to whom.

10/10 would bang

I've been thinking something similar.

Assange tweeted out hash functions related to John Kerry's emails.

Huge ddos attack on the east coast using CloudFlare (a week? later)

The emails were probably in the blockchain. I'm not smart enough to now how much computing power you'd need to shift the blockchain.

My god.

the problem is bitcoin is finite. i think with crypto you do need inflation to cover shit like dead people or lost wallets.

they tried to make bitcoin like gold but even with gold, when somebody dies the gold still exists for someone else to find or take. with bitcoins you cant just get into someones wallet to take their coins once they die or lose their keys.

websites have nothing to do with the blockchain. its peer to peer. what the hell would they ddos? i dont even think google has enough computing power to 51% attack the chain

I like crypto, I just don't like how it's always used to create ponzi schemes. It's a nice technology but it's always pushed by streetshitters and redditors who've never read Galbraith. I haven't had time to deal with a lot of crypto, and honestly when we may be on the cusp of civil war or total global financial destruction, crypto takes a back seat to me making sure the chicken coop is in good repair.

Also : if he has those coins, let the man retire.
Because this is his invention - he was the one than provided us with these means and technologies, opportunities to fight this currency war.
Shills are most afraid of it for some dubious reasons - I have been into information about bitcoin for about 8+ years, and I can tell you. I cannot find a single flaw in the idea of bitcoin.
It is a separation of money and state, in the same way that the separation of church and state happened.

They didn't roll the chain back. I watched this as it was happening. A new Bitcoin version was released (SegWit) and a lot of suss shit did appear to happen (mempool flooding). But, they did not revert the chain.

WikiLeaks had been using Bitcoin to stash proofs (using OpenTimestamps) and a few encrypted GPG files back in 2013. If a DMS ever triggers, it probably will hit the Bitcoin Blockchain so be aware of this.

But, by all accounts, Assange is alive and well. This shit about him being dead is probably PsyOp to spread distrust in WL (there's a post in the Vault 7 thread detailing this).

If you want more details, go look on BitMessage (beware the LARPers).

Proper quantum computing will blow all the bitcoin encryption up, based on everything I've read about quantum computing. I wouldn't depend on any one thing. Even gold, silver, platinum or palladium could be made worthless if we got asteroid mining going. Diversify your shit and avoid ponzis. Basic, boring, simple financial advice but it's not "sexy" or get-rich-quick so nobody wants to listen.

each 'faction' needs to conquer some part of that new space.
So we have a mass/ the mayority of cryptomoney is in bitcoin.
Then there are some other organized factions that leave us alone. [dash/eth/ltc]
then there are some unorganized/rogue coins [shitcoins]

There's a ton of data in the chain, tho. Entire decentralized markets run over the top of it, with the data encrypted into the fields for extra data

Messages, legal notary type proofs, all sorts of things go through chain, here is a simple example:
cryptograffiti.info/

It was supposedly only the passwords to unlock his original dead mans switch files that got posted in the chain.

DDOS a week later is a bit strange, it would be really hard and probably impossible to modify the chain more than a week back without someone noticing. But the btc devs did release a new wallet right around that time…

Best post so far.

10/10 would put you in an oven

sorry, meant hard to modify the chain an hour back. After 6 confirmations things are permanent and people would notice, but theres that one hour period where you could DDOS all the other miners and submit your own blocks to replace theirs, especially if you "rewinded" the recorded internet to beat everyone else to the solutions

my bad..
"ddos"

At least the (((cloudflair))) called it a ddos,
I'm guessing they used the computing power normally running twitter, reddit, netflix, etc to shift the chain.

Don't know the complexity of the problem tho.

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ok that makes more sense

use ddos as an excuse for why your services are down meanwhile you are instead using ur computing power to attack the chain

That should be detectable if it were the case.

Blocks would be found much quicker (hash rate increase).

Interesting theory though. Hadn't heard that one before and I don't think the other guys investigating it had thought of that possibility.

This is a kike.

Probably just an user who's at the end of his rope wrt buttcoin shilling.
Whites shouldn't lose their homes for getting sucked into buttcoin, but they definitely should be mocked for it. Mostly it just makes me feel disappointed in them. Nobody wants to be poor, nobody wants to be participating in the kike money system, but you can't rush from one thing or another and blindly go into it. It's not a team or an either/or situation. It's one tool among dozens of others. I don't even know how to describe it but so many people fucking indoctrinate themselves into the cult of bitcoin and get this weird emotional attachment, then defend it at all costs. It's a tool, it's interesting, use it, but it's not going to save the world, that's up to each one of us.

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dubs confirm

You do know that NO ONE forces you to get involved in bitcoin.
It is 100% voluntary (and open source money #yolo
#fts

You faggots are losing your minds over a couple hundred dollar loss? You know how many times this has happened to Bitcoin in the last two years, after which recovery took a matter of days and weeks? For Kek's sake, quit shitting your diapers. I still remember when Bitcoin was down to three bucks a coin as King Nigger was vying for round two.

Every damn thread the bitcoin shills are so easy to spot. They speak like halfchan refugees and can't fit in to save their lives.
I can't say I expect much from people devoting themselves to crypto-kike currency but still, you could a least try.

Do you know what ethereum is?

coin run by mountain jew

I put in 150 bucks and am now at $241 after using some of it to pay for $84 of shit with it. Not in the least am I upset about that.
I don't see how anyone could be so naive as to put enough into bitcoin to lose their fucking home.

Kill yourself faggot.

Why, yes user. I just happened to buy a shitload of ETH a few weeks ago when I saw it market capital growing faster than its price wrt. bitcoin. I knew this meant bitcoin would crash, or eth would explode. Either way, feels good mang =]

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Well all the shit you stated also applies to to fiat currency as well, aside from the "backed by nothing" as fiat currency is at least backed by force.

But yes, people pretending crypto-currency are different from fiat because "muh algorithm" are just proto-jews.

Bitcoin, from my understanding, is very similar to German Marks in that each is created through labor, rather than printed. The difference is that the labor that it takes to create a new bitcoin raises each time.
What do you think a real AI would think of bitcoin, literal slavery?

I wouldn't say it's anything like German Marks. I get your thought process there but you can't really say that each bitcoin is created through "labor". Not to mention that bitcoin creation has a centralization mechanic due to the progressively growing cost of joining and the fact that you don't have to actually perform any labor yourself, you just need a bunch of computers.

CATCH A FALLING KNIFE

Labor done by a computer is still labor. I agree though in this case the labor the computer does is solely useful in creating currency, whereas were printed when a hours worth of labor was done. Please correct if I'm wrong, my understanding isn't as good as I'd like it to be.

Yes but in that scenario you're not really performing the labor, are you? The Computer is doing the labor while you could realistically live a NEET lifestyle at the same time.

That's another good point. When you start saying that the labor of the computer (which has effectively produced nothing other than the labor itself) is worth a value, you open the door to the leftist faggots and jews who will claim that labor is inherently valuable, and that's in essence the gateway to communism. German Marks were backed by units of labor yes, but that labor had a product separate from its value in Marks. An hour spent building infrastructure is worth an hour of labor for the builder, but the Mark is not the only outcome of that process, unlike mining bitcoin.

ITT: kikes shilling against a currency they can't regulate
Sorry there's no fed reserve for BTC fuckers.

It's more of a proof that you spent electricity and recieved heat and bitcoin back, yeah the computer is processing transactions but its not work, the money comes right to my phone. I get free heating in my apartment and about $10 a day mining Zcash with 4 GPUs

How the fuck do you think the market is controlled by chinks if it's "unregulated"? Things can be regulated outside of a government pal.

But in order to get the computers you still had to receive the funding for them somehow. This is also why I brought up the AI question. Personally I don't think they'd care, as the computers mining are not AIs.
I see, yes Bitcoin doesn't offer the two for one deal that the Mark did, but it's still somewhat backed by labor. Could be useful in convincing others of the worth of labor backed currency.

What is it that the computer processes to create bitcoin? If there was a new crypto that used computers in a "botnet" for heavy processing things, then the owner received the fraction of a unit comparable to the labor his computers did after the process was completed wouldn't that be comparable to the Mark?

That's why I mentioned the join cost. And you don't have to work for money buddy, you can get funded by NEETbux and then mine away, no labor on your part at all.
I mean yeh they'd think it's slavery but that's hardly a good point, AI isn't a current thing we need to concern ourselves with on this front.

It's probably the bare minimum a currency could be backed by "labor" to be considered as such. You don't need to do anything other than set up the rig, then it does the work for you. And it lacks all the benefits of other, better labor-backed currencies due to its centralization by the chinks and kikes.

Bitcoin shills spamming for years on end wasn't voluntary, it was garbage thread after garbage thread trying to get anons into a ponzi scheme run by jews.
I feel the same way about bitcoin shills as I do about amway or jehovah's witnesses: fuck off and die.
It's a goddamn shame that Anons got caught up in this bullshit.

Brouzouf is tangible and easily converted into better legs & more guns.

miners make money from

a) confirming transactions (executing the cryptography required to make sure a transaction made was made by the owner of coins)

b) "mining" coins (the labor comes from wasting cpu/gpu cycles solving math)

how is it a ponzi scheme?

en.wikipedia.org/wiki/Pyramid_scheme
en.wikipedia.org/wiki/Ponzi_scheme

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Why is that inherently wrong? If society as a whole used Bitcoin, then they'd be contributing to is in the form of currency.
More of a question that occured to me while attempting to make my thoughts legible than a point.

That's more of my question. If we created a currency that did what Bitcoin does, only rather than solving random math it adds computing power to more advanced problems, it would be a net positive.

Wew, I sold at about the exact top. Too bad I never had much in - I made just enough to get new tires for my car. Maybe I'll buy in again at $400 or so - how low do people think it's going to get?

If you're seriously asking why wealth without labor is inherently a bad thing for society, then perhaps you should lurk more.
No, because nothing is created, it is just given. And something given has no value.

my mind = ded

BitCoin is an speculative "currency" that is nothing more than a gamble machine.
One day or another it will crush permanently, and if you truly believe in whatever memes of it being "serious", you're either a noob in the game or a delusional retard.
Either way, one deserve to crash and burn along with it.

Didn't something happen to dogecoin that totally fucked it up?

Well I guess I could just play games with it.

well to be fair the math computated does serve a purpose

anons should be using it to make money. ive already made 100k from it and can now afford SHTF items. the size of bitcoin at this point is too big for shilling on the chans to have any affect on the price.

HAHA, TIME TO BUY!

wait until after the real crash

buy ethereum it'll be $100 by the end of the year

bitcoin is shit tbh its just going to stagnate

Buy your drugs in person like a real man and stop getting kiked out of your own money.

...

True.

topkek

1. BUY FOOD/WATER FILTRATION
2. BUY BULLETS/ARMS
3. BUY SILVER/ALCOHOL/COFFEE/TOBACCO
4. BUY GOLD/PLATINUM/LAND RETREATS
IN THAT ORDER

...

It is just trading one fiat currency for another.

There is no "real money" - dollar is just a currency, not money.

our currency is technically debt, you can't get rid of one debt with another, but bitcoin is a sham I'm sure of it.

checked

then what's the problem

It's wealth from an investment (start up hardware and continuous electricity, no grantee to make a profit.(Which is why I never got into it)), there's nothing stopping you from setting up some computers and keeping your day job. dismissing this because some NEETs may use their tendie-vouchers to start up is foolish.

Doug. You can buy a trillionth of a bitcoin. There's no excuse not to buy.

...

it's just another form of debt used to create a pseudo discharge of debt

YYYYYYYYYYYYYYYYYYYYYEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

That's kind of the point.
Ethereum will cause bubbles.
When they popped, the bubble creators win.

You're ignoring the content of the post.
Stop acting ignorant of the discussion when it's quite obvious you're playing the fool.

Kikes exist, if we don't take advantage of any and all forms of passive income we can find, they will and use it against us.

...

Either that or you're intentionally being disingenuous by ignoring the content of my post and pretending you don't know basic economic structure.

its not real money but it can allow you to pull out of the (((banking))) system. the kikes would have to invent quantum computing or take down the net to get rid of it.

if you earn all ur money in crypto and you buy all ur things for crypto then you can avoid taxation and money printing

realer than monopaly money tbh

Monero?

BITFAGS BLOWN THE FUCK OUT

literally no one gives a fuck. OH NO IT WENT DOWN 3% big fucking deal. anyone who has been in the cryptocurrency game is used to this shit by now. wake me up when it's 0

ITT jealous anons who were dumb enough to not make money out of this memecoin so the butthurt

Price crashed to levels not seen since five days ago.
How will we ever recover?

1/10 made me reply

Enjoy your federal reserve notes, unless you hold gold (((moshe)))
also
Jews have a shit fetish you know?

Then take whatever money you were going to invest in Bitcoin and buy a power washer and some flyers and get to work. Things like stocks, bonds, ETFs and real estate are only good vehicles for maintaining your wealth.

If generating money is your concern then like I said, make a business or invest that money into learning skills that can put you in a better job.

Hivemind

I don't want to talk about, back at the uni there far back… Sigh People went like hey I'll give you 10 coins for telling me a joke and shit on irc and at the uni.
i mined some my self, like others, and just burned our wallets…. lauched about it hahha never going to be worth any.
Later what it's worth a krone now
==I really don't want to talk about this…

Anyways, damn I had one a few back when it cost about .. was it as low as 1k krones or 2k?
You can speculate on this stuff, buy low wait high but don't be so greedy. Had I had that coin and done this, that coin would have been many now done right.
Short trading etc…. now I don't got enough to send lol

Pajeet, i…

Fed res notes are backed by the united states military, basically if you don't use them we'll fucking kill you. Fear is a powerful motivator.

US dollar is used in 70% of all world transactions.

It is the world currency.

and it is backed by blood and horror.

You might like video related user

There's a new one every fucking year. So much for scarcity. Faggots say shitcoin is 'just like gold', when was the last time we got a new stable group 11 metal?

I'm not tarnishing my soul with that Kikery.

(((Bankers))) and (((Bitcoin))) are both pushing only online currencies. Crypto is just the other side of the Hegelian Dialectic.

Also consider this.. IF the ETF passed the bitcoin fanatics believed the price would soon double, but aren't these investments also exactly how they control the price of metals? With naked shorting?

I'm more convinced with every day that people, mostly utopian ancap faggots, are being guided into having Bitcoin as the #1 choice for those who 'want out' of the currency system. Controlled monetary opposition.

Scaling.
Scaling is a problem RIGHT NOW.
Fucking shitcoin shills.
Enjoy the V.D.

Why do you insist on being such faggots. I can't wait until 1 btc is worth a down payment on a house.

Classic. 20 years later I'm still waiting for my cock strap.

I have no clue how bitcoin works and how it came from people mining bitcoins. Sounds like a made up currency although all money is made up/fiat.

She's to Dravidian for me though, try one of the last Aryans instead. Sad the movie is about her racemixing.
Fucking street shitters!

Are you guys retarded? Selma is a beaner not a street shitter.

Goldmoney does everything bitcoin wants to do, but is backed by physical gold. You can literally pay people in grams or percentages of grams of gold with the app or website.

The gold is fully allocated, which means that in case any of the companies involved becomes insolvent, they have to distribute the gold to you as part of the bankruptcy proceedings.

Gold exists, is immune to fiat manipulation, and can now be conveniently used as money via digital transfer.

Is Bitcoin the definition of NEET bux?

The only shit I don't like about that company is that every registration or transaction process it's being monitored by google tracking botnet shit.

She didn't age that well. Interesting phenotype though. She looks persian, but I guess the ancient persians and old high caste indians might be similar to each other.

Fuck I just realized that she is half brit half indian according to wiki, so she might not be aryan at all, would have to see pics of her mother to know for sure

I don't like it either, but tracability is intrinsic to digital currencies. I split my economy over many different providers, so no single one has the complete picture of my dealings.

(checked with a voltmeter)
Yes, 1M/coin could happen if the whole world used Bitcoin.

Think of it like this: if the whole world was buying gold/silver, the prices would skyrocket.

Found her mum. Aryan theory BTFO. The fact that she is half pooloo and half brit but looks persian raises some interesting questions but I will stop filling this thread with this shit now

hehe

Also in that movie she is clearly south of what will be Trump's great wall. All is right with the world, except mothering fucking vampires.

Also fuck bitcoin. More derailment.

(checked)
555 timers are such useful dips

$1182 now. It's more of less recovered because, SEC approval isn't why it went up in the first place.

China is coming out with their own digital currency. When they do, it they make BTC illegal there at the sametime, THEN it's going to tank and hard.

Because you currently live in a van down by the river?

No you retard, the first 3 things you mention generate income unless you buy dogshit.

Coins get interesting when they've all been mined. The price now… a bit high perhaps. Maybe just right. Because the underlying support (drugs and gambling) are constants. That's the support and utility of it. Jew tech companies are all going with etherum shit now. That's garbage though and run by some real faggots. Doesn't hurt to have a few coins unless you're a real poor fag.

Goverment makes them illegal. There's a war on cash almost everywhere in how much you can use to buy things and soon, on actually physical notes. So yeah, with 90% of it control by chinks and chink goernment being psycho… you should see have seen the problem but you're blinded by greed. After 8 years this is like a religion to you. Thus, you're violating one of the first rules of investing, that is, being emotionally involved. OH shit, he even says >>in the same way that the separation of church and state happened.

That's retarded

...

I want to believe

you mean 1250$ right ?

Go ahead and go long then

I wouldn't

Monero has the foundation for being a secure untraceable crypto without the bs vulnerabilities other user coins ignore. It's only flaw is that it's not easy to use the wallet, bc the developers intentionally focused on security first. Only buy it if you believe in it and understand it. I suggest actually using it before throwing money at it. It's funny how many bitcoin people actually go in and out of monero (and instead of dash/zcash) to anonymize their coins.

I'm personally invested in monero, gold, silver, popular calibers of amunition, %'s of oil wells, and varius tools. Buy physical stuff to preserve wealth guys. If you want to get rich (and I'm far from that), I think the best way is to start a business.

...

As a monero fag I feel you. Sold off a little dash for profit at 45 but I could have waited longer or bought more before hand. We miss "once-in-a-lifetime" opportunities everyday, and few people fall into the money pit accidentally. Old fags talk about how they should have bought $15,000 of Snap and sold for 24 Mill. Regroup, and study the crypto's if you want to be there for the next bull rush. I'm certainly not buying in on Dash now.

THE BIGGEST HOLDER OF THIS SHIT IS THE UNITED STATES GOVERNMENT

You could literally be talking about anything ever used as money.

Media is subliminally preparing the populace for a future civil war. The attempt at a Ukraine style color revolution is coming. The CIA-influenced Ukrainian media did the same thing in Ukraine before the uprising there. They kept driving the point that the government was unstable, the leader was a Russian sellout, and that the people were being conned. Sound familiar to what we're seeing now in the US? I would bet they're using the same playbook here. The next phase of this "People's Revolution" attempt starts this summer as the weather warms up and rallies can be mobilized.

Whats so bad about bitcoins?

Wow
Kek does not bless me this often.

You are technically and factually correct.

No problem as it is a trade based system, just schlomo is afraid of losing his holohoax holla dolla.

No backing = Currency
Backing with metals = Money

Don't listen to the extremes of either side. Bitcoin is useful for the tool that it is. An electronic, open ledger that only has value because other people agree to use it.

You are beyond any hope. I'm sorry for your low intelligence. Maybe look up the definition of encryption and then read the bitcoin whitepaper or even just a wikipedia article on bitcoin again and try to understand.

...

I was there, had some coins since 2011. I did not sell at the top, I was a total cunt, ended up selling it cheap, lmao. Nowadays I have less than half a btc and couldn't care less about it, I don't buy it, don't sell it, it just sits in a paper.
Bitcoin proved that anyone can be a jew.

I don't see any other currency inflating and deflating so violently with no extra-economic cause.

Well, that's a rather simplistic (in both a good/bad way) observation for a complicated subject. It doesn't deserve an answer from me, unless you're genuinly curious. Holla Forums needs econ lessons from a non-lolberg, though so I'm addressing everyone in this ramble. (I'm leaving out a lot of details though.)

How can anything not have extra or intra-economic influences? It's all relative to how you define it. Volatility can happen in markets for any number of reasons. Bitcoin is a completely new concept, and emotions are high. No one knows what a Bitcoin should be worth, because it is backed by nothing but consensus. This is similar to the dollar (or other currency) except for two things. It's completely electronic and the government generally forces you to use it. Currencies in general have a long history of volatility and eventually collapse.

Could you describe Bitcoin as "government-controlled speculator money"? Sure. What I'm asking is: what currency can you *not* describe as "government-controlled speculator money".
Please tell me, so I can be the first to speculate in it!

I mean dollars are UNELECTRONIC

think for a minute

Amazing numbers there lad. 555 is indeed great.

that had nothing to do with an ETF, and, $1200 was definitely overvalued. this isn't really that bad for BTC though it is a kick in the pants for miners who just onlined additional capacity. BTC is sound at any price in paper trash currency. it is structurally better and that will never change.

but in general you are right, the spike and trough shape reflects how BTC/USD works and will continue to work until the day no new coins can be discovered, or until some fundamental market shift occurs (like gold becoming money again, or BTC more directly competeing with credit cards)

Nee.

Nearly everything involving scarcity follows a Pareto distribution though, if it were possible to look at the real distribution of bank issued fiat, it would follow the same distribution patterns.
If you look at individual net worth, it follows the same distribution pattern.
If you look at corporate valuations they follow the same distribution pattern.
And so on..

I understand that it's theoretically possible but there is no way it'll actually happen.

except this isn't bank issued fiat
it was created and mined at the beginning by very few anonymous individuals, it's also hard-limited unlike fiat

what i'm saying is that said individuals can collapse the whole eco-system at any given moment

Money doesn't appear magically just because you invest either.

That's true of all monetary systems, including gold and silver. They all follow the same distribution.

sage due to samefagging
Also remember the ones at the top have the most to lose, so while not impossible, it is very unlikely for them to have any desire to collapse the system.

Holla Forums truly is patrician board

No. Metals have to be mined physically and have use in industry. Also you will sooner buy house for gold than for btc.
Btc isnt currency. If it spreads enough and becomes competition to fiat, they will collapse it. But yeah, wait for your 1m/coin time, im sure its just around the corner..

The ones at the top have already gained what they planned. Control.

I sent Hotweels the rest of my BTC for this very site come to think of it. Heard a guy shilling this recently, says it's easier to mine: ethereum.org/

The purple was actually fraternal solidarity, not Soros, but yes, I agree.

meh, its a currency based on nothing real. just like all the others.

Find out at which 3 universities dash/zcash was developed, and you will know, why nobody uses it

source:
btc-e.com

yeah i dont know what the hell you're talking about OP

Gold wins again.

At that point you aren't even going to be able to print paper either. Also bitcoin can be used with morse code.

Stay Gold bitfags

Its not relevant in the slightest to my point how the currency/material/whatever is acquired or if it has more than one use (although bitcoin can be colored and used for far more than monetary transactions). My point is that it is a mathematical truism that all scarce things follow a Pareto distribution without significant intervention. The fact that bitcoin follows the same curve is nothing to be surprised or significantly conserned about.
I'm not saying you shouldn't keep a close eye on the big players in the bitcoin market if you care about keeping the currency valuable, you absolutely should. I'm just saying that the connotations that you implied with your chart are not substantial enough to warrant a huge degree of concern about the "shadiness" of bitcoin.
Ignoring the differing legal interpretations, it objectively is a currency in the sense that people use it as a medium of trade to avoid the double coincidence of wants.
What motivations would they have to do that?
It seems a little far fetched even for my paranoid tastes that you are implying that old money stakeholders created bitcoin just to ensure that their old system would remain in tact just in case the new system that they created overtook the system that is currently societally entrenched. Even if you're not a shill, you are supporting the narrative of the jewish elite by discouraging alternative monetary systems.

Gold is too short term. Within the next 100 years once asteroid mining becomes common practice, the value of rare minerals will plummet. A single small asteroid would contain more gold than has ever been mined on earth before.

We need something that is scarce no matter how technologically advanced we become. The only thing that I can see doing that are cryptocurrencies. My person bet is on Ethereum.

What you bitcoin believers doesn't seem to understand is that economy is secondary to force in civilized society. I don't know if this comes from having little knowledge of history or from lolbert idealism, but it really does cloud your vision. First off, understand that bitcoin doesn't really bring anything to the table as far as currencies go. The one thing you seem to obsess over, that you alone can unlock your coins, is a terrible argument and doesn't provide any security from government abuse at all in the real world.

You could say exactly the same about gold, or even paper money. I can take all my dollars, put them in a box and dig them down somewhere in the forest. No one will ever get my dollars, so I've ousted the government! Well, back in the real world the actual problem isn't securing your valuables and that's not where rulers have put the focus either, ever, because they know this as well. Someone can hide their shit and no one will find it. What happens is that value is extracted from you in your interaction with civilization.

Now, the problem here is that all of this is based on the premise of force. That's the bare bones end game with all this. If bitcoin ever became big enough to present a threat to the current monetary system, they would use exactly the same means of forcing you to give up your share. Just like that guy with a pile of dollars in his hidey hole, you'd find out that to actually spend your money you have to interact with the rest of society in a way that lets the top dogs bleed you. Sure, you can become a mafioso or pirate or something with intricate whitewashing schemes and the like, but that's a hard life that requires intelligence and often a bit of luck.

Other than that what does bitcoin give the world? A heavily pre-mined currency (whatever agency 'satoshi" is mined about 10-20% of them the first year,) that is produced by burning electricity (wasteful and unproductive,) too unstable to store wealth in and is even worse for anonymity than cash (which is already horrible.) Bitcoin really isn't the solution to anything right now. What we need right now isn't a currency, it's a revolution. Change the power structure of society to something better and any currency will be good. Let it remain and any currency will be bad, bitcoin too. Gold shares the exact same problems and isn't any better at all (just to tick off you goldbugs too.)

That said, there is really nothing wrong with bitcoin if you don't buy the hype and take it for what it is. It can be a fun hobby. It's also decent for low level crime at the moment. And you can make some money off it if you got some smarts and follow the pump and dump cycles.

But it's not some kind of savior, sorry.

Next be crash I'm gonna jump on the buttcoin train.

Wrong.
It brings a distributed ledger system which is harder to forge than any formerly devised centralized ledger systems. It creates an artificial scarcity which is not possible with physical materials such as gold or silver, improvements in technology do not increase the amount of a cryptocurrency, whereas the amount and efficiency of mining can utterly destroy precious metals. Asteroid mining will be the death of gold and silver. The only protection against that is via fiat. Cryptocurrencies are the most secure form of fiat against forgery, and therefore should be the currencies of choice for fiat.
That's the least important aspect, and its also not true. You can share a key with as many people as you want.
The fact that government can take your private key is obvious, but that's not the problem bitcoin or any other cryptocurrency is trying to solve. They solve the problem of a secure distributed ledger.

This is a strawman argument against bitcoin. You have completely misrepresented the problem cryptocurrency solves. Its primary purpose is to make inflation of the currency impossible, and provide authorized access to the coins. If the authorization keys are taken by force is not and was never part of bitcoin's or any other cryptocurrencies scope.

Everything I outlined earlier regarding its artificial scarcity.
Bitcoin is less pre-mined than most other cryptocurrencies. But as I have mentioned earlier in this thread a Pareto distribution on its own is not too much to be concerned about. you should only be worried if large stakeholders begin to act erratically, which there has been absolutely no indication of.
dollars are produced by factory farming cotton and producing synthetic fibers then using enormous energy impregnating dyes onto them via engraving plates. Far more energy is used in the creation of each denomenation of paper currency than is used in the mining of each block on blockchains.
Bitcoin is about as stable as gold and silver have been over the last 10 years. Although I would argue against using currency to store wealth in the first place and instead use investments, and only use currency for transactional storage.

Sure all currency has flaws, but my argument cryptocurrency has the least of any other form of currency.

Ok, I might have spoken a bit too categorically. Obviously bitcoin brings a lot of new things in general. It's something new and novel. What I meant was in the context of the rest of my post, in that it doesn't bring anything new to the table… pertaining to solving our societal problems.

And what, exactly, is the huge value in this? I guess it makes it harder to forge money, which I'm sure the people in charge like very much. But we've had pretty forging-resistant systems in the past (discounting potential alchemists and the like.)

Sure, as a system of distributing information blockchains are very interesting and potentially useful. Again, I was talking in the context of true believers and their claims that bitcoin will save the world.

That's an insane notion. Inflation is based on general perception. If everyone agrees a bitcoin is worth so and so, then it is. Inflation can just as easily be lower worth instead of more units. How can you solve inflation if the people in charge chooses to inflate the currency and everyone goes along with it? In an extreme example of a future dystopian situation (which has happened many times throughout history,) you can sit and shout all you want that your stuff is worth this and that. But in the end you're going to buy that bread for your million bitcoins if you need it to survive and the guys holding the guns are telling you that's what your coins are worth.

I wasn't talking about having your private keys taken away from you at all. I'm saying to spend your bitcoins (if they became the money of the realm) you'd have to give up your share to do it just like with regular money. Taxes isn't voluntary, they are based on the premise of force.

Well, you can not worry if you want to. I don't know what agency 'satoshi' is, and I don't know their motivations and moral character. I'd like you to remember that having control of 10+% of society's currency is something a king or emperor of old could only dream of. This is of course only a problem if bitcoin becomes the primary currency of our civilization, but if it did, it could be a potentially huge problem. It could possibly put us in a worse spot than we already are, depending on whoever 'satoshi' is.

Which is not saying much. As I said, gold and silver are terrible ways of storing wealth too. I do agree with you on that last part though. It's the most sensible in our day and age.

Yeah, just like shill threads that always talk about the Trump = zio puppet meme but for bitcoin
OP is a faggot and a stupid banker shill

>>>/bog/

Sure thing chaim.

Gold has maintained it's purchasing power for 5000 years, and will maintain for another 5000.

im not implying it was created by banks, but as soon as they realised the potential, it would be logical to assume they want control. exchanging unlimited fiat for hard-limited btc, few cents/dollars a pop back then?

It solves the Jewish Fiat problem you dunce. It's finite and cannot be printed at whim. It can also travel across wires (gold cannot) and gives you the capability to transact without a (((middleman))).

I'm not saying gold is a bad investment, it isn't. But gold cannot serve as a convenient means of exchange.

Cryptocurrency, generally, is the solution to the Jewish banker problem. If you don't see this, you're probably either entirely naive as to how crypto works or you're being paid to shill against it.

Money backed by labour is the proven solution. Bitcoin is an volatile manipulated sheckel grabbing scheme, see

>meanwhile bitcoin is crashing right now

I totally missed this happening since it shot back up to 1200

seemed par for the course, OP is probably a fag

also this thread is full of (1)s

here's more news linkshrink.net/7IQ5Ij

reported

This was predicted. It might drop to 800 and (((they))) want you to panic. Bitcoin will regain its value though – very likely in few days.

The real problems will come in 3 days when US debt ceiling will have to be raised. If voted for, the status quo will go on for little longer, if not… all hell will break loose.

One of the issues is (((gold))) - gold on paper that will never be able to be redeemed, there's simply not enough physical gold in existence. Alternative is silver, but it will soon have similar problems.

If economy goes to shit and you can't but physical gold or silver… what can you do? Replace gold with bitcoins.

As the Rothchilds said… invest 1/3 in securities, 1/3 in real estate and 1/3 in jewels (physical gold) and art

I don't think they'll postpone raising the debt ceiling, not sure they even could with Trump in office.
not like the last couple years with king nigger in office.

...

How bitcoins work (22 minutes) for those who don't know.
Do not trust altcoins which get confirmed under 10 minutes per block.
Actually, do not trust any altcoin, as it's super easy to brute force double spending on any altcoin with a small amount of people in the network.

Unless they have an actually good explanation why it can stop double spending

Yes, I am super salty for not buying Dash

buy a few now if you still think it will rise
I got 4 bitcoins at about 400 each and now its tripled

It's such a bother to make a wallet for each coin.
But it's not safe if you don't do it yourself

what of coinbase?

wot m8?

make a wallet on bitcoin core wallet then save the private key and print it off. all you need is your private key to access your coins.

can you be 100% sure that they don't just save your private key? Do you check the javascript source every day?

that's defeatism, or fatalism
either way shit outlook

Not to mention CIA thanks to Vault 7

If people care enough to hack into people's MMO accounts to sell items, wouldn't they try to get those tasty private keys?

we DO share the internet with the Chinese

well I didn't want to call him a shill outright, this shit is in the Holla Forums primer for christ sake, people should read it

I at the very least glossed over it one time and I see anons falling for basic shit too much

wait a second
did you put a spoiler that was supposed to go at the end at the front?

to be 100% secure, you would need to be able to use some Arduino(or your own) that is 100% guaranteed to be CIA free.
Then you make a little tool that reads an password and use it to sign transactions.
Transactions would be read through a QR code, and output through QR code too.
No Bluetooth/WiFi to be sure that nobody will be able to find an exploit and hack into it.

So long people can't steal your private key, bitcoin is 99.999~% secure, as double spend is almost impossible.

But if I were to be a kike wanting to kill bitcoin, I would stock private keys and steal them all at the same time when people are the most optimistic about bitcoin security

I write as I think about stuff to write, it does make more sense to put in the end. I remembered about the Chinese menace only after I started to think about people getting into your computer for the key

can you see my confusion with this?

does not to mention cia mean CIA shill or CIA wants your shit?

I meant as CIA wanting to steal your bitcoins for their kike masters
After all of that vault 7 stuff, I got really paranoid about my private key

No.

You can't solve any economic problem by working within the overarching, already flawed, system. You crypto-lolberg kids seem to think economics exist as some sort of separate entity in this world. The reality is that economy is third when it comes to power structures in civilization. It always has been and still is. Second is religion (today education, culture, media propaganda and alternative media,) and first is the capacity for organized violence.

That something is finite and can't be printed at whim doesn't fix shit because if someone can steer what the majority of the population thinks something is worth, the value is completely relative anyways. I've tried to explain this several times in this thread, and I even prefaced my post with the statement that this simple fact is something you dreamers simply can't get your heads around. You can do inflation both with increase of units as well as with reduction of worth, and from this we understand that inflation isn't necessarily a physical process; it's first and foremost an idea.

So that's what you need to have any solution to the "banker problem" (a problem that is a subset of a larger problem, not something independent and singular.) You need to have the ability to enforce world-views, i.e. the culture/religion/education matrix. And to enforce that you need to be able to contend through force with those who want to structure the world another way, like the people in charge of the current system. Which is why every real revolution or change, ever, has been based on real or implied organized violence.

And no, gold isn't any better. The value of gold can just as easily suffer inflation, and has done so at regular intervals throughout history. My own family are old aristocrats and their entire wealth is based on the old gold racket. In peacetime the peasants amass gold for their labor, in wartime they have to spend it at 10% of that value for food and luxury goods. Rinse and repeat, you only need a perspective of time in centuries instead of year by year like a farmer peon is taught to have.

If you allow your rulers to practice usury, then you will have usury no matter what currency you use. Money is neutral, it's a tool. If you have corrupt rulers, any currency is corrupt.

Which is why I say bitcoin won't fix shit.

You have a point, indeed, the money is just a subset of the bigger problem.
But dealing with the money problem decreases the kike power, what relatively increases ours.

Worst Bitcoin crash ever.

Where are my cheap coins?

agreed, up to paragraph 3.

bitcoin has given the world little additional force. and it must stay small, else it will come to force. and it won't stay small, so there's that too, which we see evolving step by step. thankfully, it isn't quite as effete as zero-force just yet.

bitcoin has also given the world what gold and currency alone do not: crucially a transaction network (albeit one built on electricity, semiconductors, and all the industries related), and even more crucially an accounting wall.

while the technical aspects of bitcoin stand on their own merit, the ability to seemlessly create 'wallets' (accounts) is, in my opinion, second to the nifty feat of seemlessly transacting into those accounts. bitcoin needed to do both, all on its own, so probably satoshi didn't even realize this is the pinnacle crown jewel of banking: the ability to make account, to do the accounting, to do the transacting, to do the goal of exchange.

building accounts = 'building the wall'. all efforts to track center around account, just like the cia monitors financials to spy. unlike the cia, non-auto disclosure, with account creation/deletion control not in agency hands, is the gift.

gold/physical has accounts too, namely a safe, a vault, a home, or just a hole in the ground. but i already had enough of those.

Every single time Republicans claim they won't raise the debt ceiling they are bullshitting, they always cave in and raise it but there is usually a series of obnoxious virtue signalling about muh fiscal conservatism, filibustering, and threatening government shutdown, etc. for a while. Only thing that is going to happen is Congress is going to be an embarrassing shitshow but what else is new.

You are all literally fucking retarded for BEING in this thread. I HOPE I'm the only person posting ITT who is NOT a shill. But either way, there is at least ONE lurker out there who MIGHT think they're gaining something from READING this shit. And FUCK that.

Buy silver for wealth preservation and long term growth. You can even buy physical bullion! This is your best bet all around.

Buy tin & lead if you're preparing for the collapse. Silver won't even save you then!

But since the System has a stake in its survival, I would invest in silver.

Equities are always choppy, and if you're stupid enough to browse a bitcoin thread on Holla Forums, you're too stupid to manage your own shit with positive returns.

They were saying "Chinese pump and dump" in last thread I saw about bitcoin. Maybe it was! Who fucking cares! Start thinking like grown ups and banking like kikes for a change, you faggots! Stop wasting brain power on this shit! This is THE most speculative game in town. Even if you have won and continue to win on it, this shit is faker than the winning trend in housing in '04.

Bitcoin threads are CANCER. I was going to post this in the LAST thread I saw about this shit a week ago, but I didn't. Because I never post. From now on I post on Holla Forums guise.

Sage grows in every field. If you don't agree with this post you are hereby admonished.

Cut this shit out

Yeah, I actually agree with you. I was more on the loonies that think the world is going to get fixed by them becoming wealthy bitcoin aristocrats. The guys who are here acting like people selling a pyramid scheme with promises of a better world.

Checked. Go to bed grandpa.

Terrible advice.

I am admonished but not deterred. Bitcoin is important to talk about because it's a rapidly expanding phenomena in the small demographic of plebs that count. Also, states are going to get on the cryptocurrency train soon enough. It won't be bitcoin of course, but delicious statecoins having all the bad but none of the good aspects. Bitcoin is just the test run.

Buy on coinbase and transfer it to Armory.

Fuck that invest in tool steel.

Invest in houses and rent them if you have the money for it.

good goys, keep all of your central bank notes hehehe

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spoon feed?

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Airgapped wallet
You need two terminals, one totally offline which contains all the important stuff and the other to check the internet
bitcoinarmory.com/faq/#what-is-armory

EVERYTHING IS OK GOYS

You are describing bitcoin. I don't think you quite understand this technology and maybe you should do more research on the subject.

Anyone can become an individual seller/buyer (bank) of bitcoin. The Jews do not have the ability to toll it. I don't think you understand how greasy the Jew is getting sweating from Bitcoin.

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i don't think you understand that the Jew is in Bitcoin since 2012 tops..

you fucking what are you going to morse code type out all that shit for bitcoins?
This is what I don't get. Bitcoins won't go anywhere until they get some major backing. They get used in the shady-er parts of the internet for money exchange but normalfags still don't give a fuck, until then there won't be any REAL backing or desire for bitcoins.
I don't think it ever will. People like physicall representations of their wealth. Buttcoin can't do that yet and I don't know how it could while still being "anonymous crypto-currency"
Plus it looks inflated as fuck to the everyman
who the fuck are you going to sell that to for actual use in the real world?

this too

This shill thread is still around?

you faggots are retarded

but muh buttcoins!!!
they trying to turn the bitfrogs gay

you're shit at charts

$1256.59.

heh

Meanwhile the value keeps falling

just buy the fucking dip you idiot

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I don't get why you would invest in a currency unless you are a professional. Currencies in general are just a way to measure resource consumption, the same a scale measures weight. Additionally, most of the power of modern currencies comes from the fact that you pay taxes in currency, which bitcoin doesn't have

Bitcoin should be used as a conduit to get stuff online with out being traced

If you guys want investments you need to have them at least represent something real. Make sure you have 6 months+ expenses(more if you have any debt) saved and no debt with 7% interest or higher. Then you want bug out shit, some but not a crazy amount of precious metals if you have a means to store them at home or another place you own (not safety deposit box), guns, and skills.

Traditional investments should be index funds with low fees (Vanguard and Blackrock) in both bonds and stocks but mostly stocks. REITs may be a good idea too. Real Estate is good but you need to think of if as something you buy and hold, not a flip unless that's your job. Rental properties tend to have stable income unless darkies move into a formally nice neighborhood. For your own house use this: nytimes.com/interactive/2014/upshot/buy-rent-calculator.html?_r=0

Last part of this rant: don't try to time the market. You will fail, especially since 80% of guys who's job it is to beat the market fail at it.

Because the topic is too complex for most of the people here to participate… and of course the japanese culture posting fetishist neet pieces of shit can't afford it.

That's because the market is figuring out that Cockstream-Core is cancer.

How much are Roger Ver and Soros paying you, Cucklimited shill?

I do it for free.

Go you get anything for being (((Adam Back's))) shabbos goy, or is the thrill of being Gregory "just standing up to get out of my chair is Proof of Work" Maxwell's lapdog all the payment you need?

Worst Bitcoin crash ever.

Our tutor is back on lads

Bill still lays out a very cogent argument in the The Money Masters that the original jewry was contingent on the manipulation of the supply of gold. Gold has a low quantity relative to other commodities which allows it to be easily stockpiled, then withheld. Every economic crises in history is triggered by ever more violent cycles of monetary expansion and subsequent retraction.

The high water mark for currency is a 100% fiat like Lincoln's greenbacks, or the money used by the American colonies before the British mandated their use of their jewed up money. That is the model to follow. Our technological advancements should be used to notarize and audit that the strict rules for fiat expansion and contraction (healthy to a degree) are followed according to the principles guiding the system.

Worse than federal reserve notes.

This is probably just market manipulation. They mad they can't jew the bitcoin. This will only make it more valuable.

16kb61wUXx4tsW3xgdTdRV71NdfCFCMmcR

Taking a chance on Holla Forums's generosity

Just like thesix gazillion other times when the market is crashing like every fucking monday, right?

It' really cool how we add value to invaluable things. bitcoin is as real as any other currency.

fuck off, fed. counter saged.

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So you're telling me fake money artificially raises and lowers in value just like real money? What startling news, great thread OP.

What?

I'm not selling my fucking bitcoins so you kikes can eat them up at low cost because of some bad news

It will rise again
THE NOSE

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Gas your self ImKampfy

doxie doxie dox…

lefite get out, or face more bloodshed.

These hwndindus are capturing the flags, why are we not capturing leftypol?

This is how Shlomo controls au/ag - ETFs.

Try to buy up all silver ETFs and hold to fruition and watch as you get nailgunned 19 times in the back of the head as a tragic suicide.

There will be no successful attempts to escape the Jew-casino that they call "Wall Street".

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Lefties future

Fucking go ping ponging on your containment board
In the end, as always through history, we will win. You are so in the wrong leftie, sooner or later you will wake up, and you will become us. It's just a matter of time. Given your intellect, you cannot deny nature. Not even shitsrael(which you support yet denying it), is denying it anymoar, you will become us

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BTW
I've worked with emil. he's a db expert, damn good

is buying next time it's < $1000 a good idea?

GO BACK
and yes if you continue we will dox not doxx, but dox you all

By all means, dox the Holla Forums faggots, but realize you're spamming and necrobumping a dead thread like a faggot off his meds.

I have already told you I am drunk
don't come with any lefty excuses here
We will (not a single poster) will show you no mercy, like CTR……. don't go there mate

Lefie you like göbbels will become us in the end…….
Don't ask for this
SIEG HEILL
You will awake

sometimes I think I have to post naked, just to show you faggot what a real proto man is

It is so tragic………….
And I am not a degenerate or nihilist so I iwill not do so, however go on leftiel I know you have some skills, you will find me only on grill flacebook shits, in my underwear.

DA BENIS HAVE STRENGHT

O SHIT I am dumping right now

FYI for the people coming into this thread 20 days later: It went from a peak of around $1300 down to $1000 now. Not really a crash as much as a normal market reaction - it only reached that new peak because of the pending decision.

It's still at the $1k mark because of the Chinese investment which put it there in the first place. The near future depends on what they do with it; rumors are that China will introduce its own state-sponsored cryptocoin. (Blockchain is really a dystopian dream when you think about it, given that you can see every transaction done with it.) The only way I see another bubble is either that becomes a reality or there is another major technical crisis in the BTC network that creates a fork.

A thread specifically shitting on it.

Maybe as a long-term investment. Barring worldwide societal collapse so severe that it collapses the Internet, BTC will find an increasing role in the future. It will be the #1 coin for a long time due to the legacy support network of technologies that exist, even with up-and-coming cryptos like ETH technologically surpassing it. There are not many altcoins in circulation that do meaningful "mining" but you should watch out for those, as I could only see one of those being crowned the "new Bitcoin."

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It only becomes a dystopia if linking your identity to every transaction becomes a requirement.

Feels really good man.

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what, like a bank account? come on use your brain. I have honestly no idea what you two are talking about. There is nothing about a cryptocurrency that is preferable to a government that the god damn money they print!

This always happens, bitcoin is naturally volatile due to pump and dumps.
Market actors have already compensated for this.
For as long as bitcoin serves a purpose, it will remain in use, it's value is more or less meaningless, it really should be seen as a temporal exchange of wealth.
The only reason this keeps getting bought up as news are due to shills.

Feel bad for your thread OP.

$7 Litecoin…… Arise chikun. Arise.

9 BRAH
[oh wait - crypto's are le fake XDDDDD]

raging faggot just got rekt

magic internet money

They're no coins that have predictable constant and consistent 200 percent increases. They're all kinds of coins that have predictable constant and consistent 10 and 20 percent increases and decreases though.

Daily reminder that BTC is a deflationary currency.
Daily reminder that as long as the Internet exists its value only increases long term.
Daily reminder that all stories and posts disparaging BTC are intended to move the price down to favor purchasers.
Daily reminder that all mainstream reporting on traded commodities is market manipulation.

I actually think I have satoshi's archetype very well figured out.